reports
Navigator Gas Announces Date for the Release of First Quarter 2025 Res...
Navigator Gas Announces Date for the Release of First Quarter 2025 Results and Zoom Conference Call LONDON, April 29, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that it will release its results for the three months ended March 31, 2025, after markets close in New York, on Wednesday, May 14, 2025. The next day, Thursday, May 15, 2025, at 10:00 A.M. E.D.T., the Company’s management team will host a Zoom confere...
Navigator Gas Announces Successful Completion of US$40 million Tap Iss...
Navigator Gas Announces Successful Completion of US$40 million Tap Issue of Existing 2024 Senior Unsecured Bonds in the Nordic Bond Market LONDON, March 31, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (referred to herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that on March 28, 2025 it successfully completed a US$40 million tap issue in the Nordic bond market under its outstanding 7.25% senior unsecured bond issue due to mature in October 2029, with ISIN NO0013379446 (the “Bo...
Navigator Gas Announces Availability of its Annual Report on Form 20-F...
Navigator Gas Announces Availability of its Annual Report on Form 20-F for the Year Ended December 31, 2024 LONDON, March 25, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that it has filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission. Form 20-F can be downloaded using the link below and is available on our website () in the ‘Investors Centre’ secti...
Navigator Gas Announces Completion of Acquisition of Three Handysize L...
Navigator Gas Announces Completion of Acquisition of Three Handysize Liquefied Ethylene Gas Carriers LONDON, March 17, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that today, it completed the final acquisition in a series of three handysize ethylene carriers that Navigator Gas committed to acquiring to complement the increased export capacity from its Export Terminal Joint Venture, as announced on January 7, 2025 (the “Transa...
- Jørgen Lian
Navigator Holdings Ltd Minor model adjustments
Following the Q4 results, we have updated our forecasts, slightly reduced our near-term rates, adjusted our costs and lowered our Terminal throughput estimates near-term due to the narrowed US–Far East product arbitrage. We are positive on the NGL export prospects, due to the extensive ~50% scheduled US export capacity expansion in the years ahead, supported by the EIA STEO, which forecasts average US export growth of 14% for ethane and 7% for LPG in 2025 and 2026. Hence, we forecast healthy rat...
Correction to Press Release Announcing Navigator Gas’ Preliminary Four...
Correction to Press Release Announcing Navigator Gas’ Preliminary Fourth Quarter and Financial Year 2024 Results (Unaudited) LONDON, March 12, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator Gas” or the “Company”) (NYSE: NVGS), announces a correction to the first paragraph of its press release dated March 12, 2025 (the “Release”), relating to the record date for the cash dividend for the quarter ended December 31, 2024. In the Release, the first paragraph read: On March 12, 2025, the Board of Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Holdings,” "Navigator Gas," “our,...
Navigator Gas Announces Preliminary Fourth Quarter and Financial Year ...
Navigator Gas Announces Preliminary Fourth Quarter and Financial Year 2024 Results (Unaudited) LONDON, March 12, 2025 (GLOBE NEWSWIRE) -- Fourth Quarter Financial Highlights On March 12, 2025, the Board of Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Holdings,” "Navigator Gas," “our,” “we,” “us” or the “Company”) declared a cash dividend of $0.05 per share for the quarter ended December 31, 2024, (the “Dividend”) under the Company's Return of Capital policy, payable on April 3, 2025 to all shareholders of record as of the close of business U.S. Eastern Time on March 23, 2025.Also a...
Navigator Gas Announces Date for the Release of Fourth Quarter and Ful...
Navigator Gas Announces Date for the Release of Fourth Quarter and Full Year 2024 Results and Zoom Conference Call LONDON, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that it will release its results for the three and twelve months ended December 31, 2024, before markets open in New York, on Wednesday, March 12, 2025. The same day, Wednesday, March 12, 2025, at 10:00 A.M. E.D.T., the Company’s managem...
Navigator Gas Announces Completion of Acquisition of First of Three Ha...
Navigator Gas Announces Completion of Acquisition of First of Three Handysize Liquefied Ethylene Gas Carriers LONDON, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that today, it completed the acquisition of the first of three vessels, as previously announced on January 7, 2025. The acquisition and delivery of the vessel, a German-built 17,000 cubic meter capacity liquefied ethylene gas carrier, renamed Navigator Hype...
- Jørgen Lian
Navigator Holdings Ltd (Buy, TP: USD23.00) - Terminal ready, markets h...
We forecast solid demand growth for the company’s transported products, supported by the EIA’s forecast of 15% and 4% average US ethane and LPG export growth for 2025–2026. Thus, coupled with a low 8% orderbook in the HGC segment, we find the prospects favourable. We estimate a 2025–2026 FCFE yield of 12–15%, suggesting upside to the Q3 yield of 2%. We reiterate our BUY and have raised our target price to USD23 (22).
Navigator Gas Announces Completion of Morgan’s Point Ethylene Export T...
Navigator Gas Announces Completion of Morgan’s Point Ethylene Export Terminal Expansion and Acquisition of Three Handysize Liquefied Ethylene Gas Carriers LONDON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the completion of the expansion of its existing ethylene export terminal joint venture owned 50/50 by Navigator and Enterprise Products Partners L.P. at Morgan’s Point, Houston (the “Export Terminal Joint V...
Navigator Gas Announces Two Additional 48,500 Cubic Meter Capacity Liq...
Navigator Gas Announces Two Additional 48,500 Cubic Meter Capacity Liquefied Ethylene Gas Carrier Newbuilds LONDON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, has today exercised its previously announced option to construct two further 48,500 cubic meter capacity liquefied ethylene gas carriers (the “Newbuild Vessels”) with Jiangnan Shipyard (Group) Co., Ltd. and China Shipbuilding Trading Co., Ltd., (together, the “Se...
- Jørgen Lian
Navigator Holdings Ltd (Buy, TP: USD22.00) - Healthy cash flow inbound
The US-to-Asia ethylene price spread dropped recently on US production disruption (now partly rebounded), reducing terminal throughput and demand for NVGS ethylene vessels. We believe this also underscores the benefits of the company’s diversified model, with vessels switching to carrying ethane. On our positive outlook for US fundamentals supporting shipping demand, we see healthy rates, with upside potential to its 2% annualised Q3 yield on a 12–16% FCFE yield for 2025–2026e. We reiterate our ...
Navigator Gas Reports Third Quarter 2024 Results
Navigator Gas Reports Third Quarter 2024 Results LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Third Quarter Financial Highlights On November 6, 2024, the Board of Navigator Holdings Ltd. (NYSE: NVGS) declared a cash dividend of $0.05 per share for the quarter ended September 30, 2024, (the “Dividend”) under the Company's Return of Capital policy. The Dividend will be paid on December 17, 2024, to all shareholders of record as of the close of business U.S. Eastern Time on November 25, 2024.Also as part of the Company's Return of Capital policy for the quarter ended September 30, 2024, the ...
Navigator Gas Announces Date for the Release of Third Quarter 2024 Res...
Navigator Gas Announces Date for the Release of Third Quarter 2024 Results and Zoom Conference Call LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that it will release its results for the three months ended September 30, 2024, after markets close in New York, on Wednesday, November 6, 2024. The next day, Thursday, November 7, 2024, at 10:00 A.M. E.T., the Company’s management team will host a Z...
Navigator Gas Announces Successful Placement of 5-year Senior Unsecure...
Navigator Gas Announces Successful Placement of 5-year Senior Unsecured Bonds in the Nordic Bond Market LONDON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that today, it has successfully placed USD 100 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in October 2029 and will pay a fixed coupon of 7.25% per annum, payable semi-annually in arrears. In connection ...
- Jørgen Lian
Navigator Holdings Ltd - Initiation of coverage -
Navigator Gas is a world-leading owner and operator of handysize liquified gas carriers, exposed to the growing natural gas liquids (NGL) and ammonia markets, with a diversified income stream through its 50% ownership in an export terminal. We find the company trading at a solid discount to peers, at a 0.61x P/NAV and 4.5x 2025–2026e EV/EBITDA (peer group: 0.85x and 6.0x, respectively). We initiate coverage with a BUY and USD22 target price.
Navigator Gas Announces Order for Two New 48,500 Cubic Meter Capacity ...
Navigator Gas Announces Order for Two New 48,500 Cubic Meter Capacity Liquefied Ethylene Gas Carriers LONDON, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that today, it entered into contracts (the “Contracts”) to build two new 48,500 cubic meter capacity liquefied ethylene gas carriers (the “Newbuild Vessels”) with Jiangnan Shipyard (Group) Co., Ltd. and China Shipbuilding Trading Co., Ltd., (together, the “Se...
Navigator Gas Reports Second Quarter 2024 Results
Navigator Gas Reports Second Quarter 2024 Results LONDON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Financial Highlights On August 14, 2024, the Board of Navigator Holdings Ltd. (NYSE: NVGS) declared a cash dividend of $0.05 per share for the quarter ended June 30, 2024, (the “Dividend”) under the Company's Return of Capital policy. The Dividend will be paid on September 24, 2024, to all shareholders of record as of the close of business U.S. E.D.T. on September 3, 2024.Also as part of the Company's Return of Capital policy for the quarter ended June 30, 2024, the Company expects to re...
Navigator Gas Announces Entry Into $147.6 Million Secured Term Loan an...
Navigator Gas Announces Entry Into $147.6 Million Secured Term Loan and Revolving Credit Facility LONDON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced today that Navigator Atlas L.L.C., Navigator Aurora L.L.C., Navigator Europa L.L.C., Navigator Oberon L.L.C., and Navigator Triton L.L.C. (the “Borrowers”) has entered into a secured term loan and revolving credit facility dated August 9, 2024 (the “Facility Agre...
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